Mortgage Man Decides To Sell Yacht and House

by Deidre Woollard (RSS feed)
Jul 28th 2007 at 4:02PM

An odd casualty of the subprime market is this 142-foot yacht Trinity yacht, optimistically named Postive Carry. The Street.com writes that John Devaney, United Capital's chief executive and a one-time master of the mortgage market has put this yacht up for sale for $23.5 million.

Devaney is also the owner of the Sardy House, a Victorian home which we profiled in 2005 when it was for sale for $20 million. Sardy bought the house which is famous for having a 90-foot-tall living Christmas tree out front, for $16.5 million and is now listing it at $21.5 million. He did after all, put in new LED lights for the Christmas tree.

Tags: john devaney, positive carry, PositiveCarry, sardy house, subprime market, trinity yacht

Filed under: Estates, Yachts & Sailing

Source

Subscribe to these comments

Reader Comments (Page 1 of 1)

Shawn Sterrett Jul 28th 2007 7:05PM

Can we get any info on the house behind the yacht?

Hdtex Jul 29th 2007 8:14AM

Oh how sad....let me get out my teeny tiny violin...

Kelly Traynor Jul 28th 2007 9:34PM

The houses behind the yacht are in an area called "Stiltsville" located immediately south of Key Biscayne in Biscayne Nat'l Park. They (approx. 20 - 25) were originally built during the 1930s-40s and used for wild parties during prohibition. They were later used by wealthy locals as weekend retreats. More recently, the national park service has claimed them, but continues to allow private use by the previous owners. Any structures destroyed by hurricanes are not permitted to be rebuilt.
As for Mr. Devaney's yacht, it frequently cruises in that area despite the water depth being less than adequate for her draft.
A 142 foot Trinity Yacht - $23.5 million dollars. Destroying the environment to show off said yacht - priceless.

FD Jul 29th 2007 10:58PM

I love these tiny houses lost in the water in the Florida Keys. They are just so romantic, and I will like to see them rebuild after a hurricane.

Yes they will have to be rebuilt many times, but it is almost like a historical monument, a proof that life can be utterly romantic. A place for a dream.

Regards.

FD @ http://www.condhotel.com